Zacks Research Has Positive Estimate for CMC Q3 Earnings

Key Points

• Zacks Research has raised its Q3 2026 earnings per share estimate for Commercial Metals Company to $0.99, up from the previous forecast of $0.97.
• The company reported a net margin of 0.48% and a return on equity of 7.45%, with quarterly revenue down 2.8% compared to the same period last year.
• Commercial Metals has received multiple rating upgrades, with an average target price of $58.81 and a consensus rating of "Moderate Buy" from analysts.

Commercial Metals Company (NYSE:CMC - Free Report) - Analysts at Zacks Research raised their Q3 2026 earnings estimates for shares of Commercial Metals in a report issued on Thursday, August 14th. Zacks Research analyst S. Deb now expects that the basic materials company will post earnings per share of $0.99 for the quarter, up from their previous estimate of $0.97. The consensus estimate for Commercial Metals' current full-year earnings is $3.09 per share. Zacks Research also issued estimates for Commercial Metals' FY2026 earnings at $4.15 EPS, Q1 2027 earnings at $1.23 EPS, Q2 2027 earnings at $0.83 EPS, Q3 2027 earnings at $0.99 EPS and FY2027 earnings at $4.54 EPS.

Commercial Metals (NYSE:CMC - Get Free Report) last posted its quarterly earnings data on Monday, June 23rd. The basic materials company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.11). Commercial Metals had a net margin of 0.48% and a return on equity of 7.45%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the business posted $1.02 EPS. The business's revenue for the quarter was down 2.8% on a year-over-year basis.

Several other research firms have also weighed in on CMC. Morgan Stanley set a $57.50 price objective on shares of Commercial Metals in a research report on Wednesday, June 25th. Wells Fargo & Company upgraded shares of Commercial Metals to a "strong-buy" rating in a research report on Thursday, August 14th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Commercial Metals in a research note on Friday, June 20th. JPMorgan Chase & Co. upped their price objective on shares of Commercial Metals from $52.00 to $54.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, UBS Group upped their price objective on shares of Commercial Metals from $48.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $58.81.

Commercial Metals Price Performance

Shares of NYSE:CMC traded down $1.1150 during trading hours on Friday, hitting $56.4350. 702,165 shares of the company's stock traded hands, compared to its average volume of 1,102,004. Commercial Metals has a 52 week low of $37.92 and a 52 week high of $64.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.00 and a current ratio of 2.86. The company's fifty day simple moving average is $51.92 and its two-hundred day simple moving average is $48.48. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 182.05, a price-to-earnings-growth ratio of 2.63 and a beta of 1.28.

Institutional Trading of Commercial Metals

A number of hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its position in shares of Commercial Metals by 100.3% in the second quarter. Geneos Wealth Management Inc. now owns 6,751 shares of the basic materials company's stock worth $330,000 after purchasing an additional 3,380 shares in the last quarter. Kestra Investment Management LLC raised its position in Commercial Metals by 14.5% during the second quarter. Kestra Investment Management LLC now owns 7,276 shares of the basic materials company's stock valued at $356,000 after acquiring an additional 924 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Commercial Metals by 140.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,876 shares of the basic materials company's stock valued at $532,000 after acquiring an additional 6,352 shares in the last quarter. Captrust Financial Advisors raised its position in Commercial Metals by 4.4% during the second quarter. Captrust Financial Advisors now owns 4,813 shares of the basic materials company's stock valued at $235,000 after acquiring an additional 202 shares in the last quarter. Finally, Tidal Investments LLC raised its position in Commercial Metals by 3.6% during the second quarter. Tidal Investments LLC now owns 34,996 shares of the basic materials company's stock valued at $1,712,000 after acquiring an additional 1,204 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Commercial Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 30th. Commercial Metals's dividend payout ratio is 232.26%.

Commercial Metals Company Profile

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.